The Indian IPO market is welcoming a new player, Jyoti Global Plast Ltd., a company specialising in plastic and FRP (Fibre-Reinforced Polymer) molding solutions. The company is set to launch a book-building IPO with the subscription window running from August 4 to August 6, 2025. This issue, which combines a fresh issue and an offer for sale, aims to raise ₹35.44 crores. Jyoti Global Plast’s IPO provides an opportunity to invest in a company that is not only a key player in plastic packaging but is also strategically expanding into high-tech sectors like defence and aerospace.
About Jyoti Global Plast Ltd.
Incorporated in 2004, Jyoti Global Plast Ltd. is engaged in the manufacturing of custom polymer-based products. The company’s portfolio includes plastic drums, carboys, jerrycans, barrels, and pails, catering to a wide range of industries such as pharmaceuticals, chemicals, food & beverages, and lubricants.
With two high-tech manufacturing plants in Rabale, Navi Mumbai, the company has a strong operational base. It has also recently forayed into the defence and aerospace sectors, securing an order book of over ₹20 crore in this segment. This diversification highlights the company’s adaptability and strategic vision, positioning it for growth in specialised and high-value markets.
Jyoti Global Plast Ltd. IPO Details
The Jyoti Global Plast IPO is a book-building issue of ₹35.44 crores. The issue comprises a fresh issue of 43.20 lakh shares and an Offer for Sale (OFS) of 10.50 lakh shares. The price band is set at ₹62 to ₹66 per share, with a face value of ₹10 per share. The shares will be listed on the NSE SME platform.
Important IPO Timeline:
| Event | Date |
| IPO Open Date | Mon, Aug 4, 2025 |
| IPO Close Date | Wed, Aug 6, 2025 |
| Tentative Allotment | Thu, Aug 7, 2025 |
| Initiation of Refunds | Fri, Aug 8, 2025 |
| Credit of Shares to Demat | Fri, Aug 8, 2025 |
| Tentative Listing Date | Mon, Aug 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 6, 2025 |
Key IPO Details
| Particulars | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹62 to ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 53,70,000 shares (aggregating up to ₹35.44 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,55,00,000 shares |
| Share Holding Post Issue | 1,98,20,000 shares |
Lot Size of Jyoti Global Plast Ltd.
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,64,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,56,000 |
Jyoti Global Plast Financial Performance
The company has shown steady growth, with revenue from operations increasing by 7% and profit after tax (PAT) rising by 68% between the financial year ending March 31, 2024, and March 31, 2025. This financial performance, coupled with strategic diversification, underscores the company’s potential for future growth.
Key Performance Indicators (as of March 31, 2025)
- ROE: 33.22%
- ROCE: 22.35%
- Debt/Equity: 1.19
- RoNW: 28.49%
- PAT Margin: 6.50%
- EBITDA Margin: 12.47%
Financial Snapshot (₹ in crores)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 56.81 | 52 | 43.54 |
| Revenue | 93.8 | 88 | 89.35 |
| Profit After Tax | 6.08 | 4 | 2.32 |
| EBITDA | 11.66 | 8 | 5.82 |
| Net Worth | 21.34 | 15 | 11.65 |
| Reserves and Surplus | 5.84 | 15 | 11.15 |
| Total Borrowing | 25.31 | 28.95 | 23.84 |
Jyoti Global Plast Ltd.: Industry Outlook
The Indian plastic industry is one of the fastest-growing sectors in the country.
- The industry is projected to reach a market value of $44.59 billion by 2030, with a CAGR of 10.88%.
- Government initiatives like the Production-Linked Incentive (PLI) scheme and large-scale infrastructure projects are key growth drivers.
- The market is witnessing a strategic shift towards high-performance plastics and specialised applications, including the defence and aerospace sectors.
- Increased consumer demand for packaging, especially in the FMCG and pharmaceutical industries, continues to fuel growth.
- The industry is also benefiting from a growing emphasis on adopting sustainable practices and leveraging advanced molding technologies.
Use of IPO Proceeds
The funds from the Jyoti Global Plast IPO will be used for the following purposes:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Partly fund the establishment of a new manufacturing facility at Plot No. D-61/2, MIDC, Mahad, District Raigad-402309, Maharashtra, India | 11 |
| 2 | Allocate capital expenditure for the setup of a Solar Power Plant | 9 |
| 3 | Repayment and/or prepayment of certain outstanding borrowings | 1 |
| 4 | For general corporate purposes | Not Provided |
Jyoti Global Plast Ltd. IPO Peer Comparison
As a company specialising in plastic molding solutions, Jyoti Global Plast operates alongside established players in the industry. Relevant peers for comparison include companies like Supreme Industries Ltd., Astral Ltd., and Time Technoplast Ltd. A careful evaluation against these peers can provide a better perspective on the company’s market positioning and valuation.
Conclusion
The Jyoti Global Plast IPO offers a compelling investment opportunity in the dynamic plastic and FRP molding sector. With a strong track record of financial performance, a diversified product portfolio, and a strategic move into high-growth sectors like defence and aerospace, the company appears well-positioned for future expansion. The IPO proceeds are strategically allocated to capacity expansion and working capital, further solidifying its growth plans. Investors seeking to gain exposure to a company with a strong foundation and forward-looking strategy in the manufacturing sector may find this IPO appealing.
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